Caxton Associates LP trimmed its holdings in Kraft Heinz Co (NASDAQ:KHC) by 94.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,049 shares of the company’s stock after selling 206,951 shares during the period. Caxton Associates LP’s holdings in Kraft Heinz were worth $562,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in KHC. Nicholas Company Inc. lifted its position in shares of Kraft Heinz by 17.2% in the fourth quarter. Nicholas Company Inc. now owns 137,855 shares of the company’s stock worth $5,933,000 after buying an additional 20,270 shares in the last quarter. Avalon Advisors LLC lifted its position in shares of Kraft Heinz by 1,292.1% in the fourth quarter. Avalon Advisors LLC now owns 104,951 shares of the company’s stock worth $4,517,000 after buying an additional 97,412 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter worth about $295,000. Foresters Investment Management Company Inc. lifted its position in shares of Kraft Heinz by 3.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 59,132 shares of the company’s stock worth $2,545,000 after buying an additional 1,900 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its position in shares of Kraft Heinz by 58.4% in the fourth quarter. Nomura Holdings Inc. now owns 29,440 shares of the company’s stock worth $1,267,000 after buying an additional 10,854 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Several brokerages have weighed in on KHC. Standpoint Research began coverage on Kraft Heinz in a research note on Wednesday, December 26th. They set a “buy” rating on the stock. Berenberg Bank set a $64.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Tuesday, November 20th. TheStreet cut Kraft Heinz from a “c-” rating to a “d+” rating in a research note on Wednesday. Barclays cut Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 22nd. Finally, Morgan Stanley raised Kraft Heinz from an “underweight” rating to an “equal weight” rating and set a $35.00 price objective on the stock in a research note on Monday, March 4th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. Kraft Heinz presently has an average rating of “Hold” and an average target price of $45.35.
Shares of NASDAQ KHC opened at $32.09 on Friday. The company has a market cap of $39.13 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 2.41 and a beta of 0.58. Kraft Heinz Co has a 1-year low of $31.60 and a 1-year high of $65.84. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. As a group, analysts predict that Kraft Heinz Co will post 2.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.99%. Kraft Heinz’s dividend payout ratio is 45.33%.
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Kraft Heinz Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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